EOS imaging 2016 Revenue Increases 41% to €30.8 Million

EOS imaging (Paris:EOSI) (Euronext, FR0011191766 – EOSI), the pioneer in
2D/3D orthopaedic medical imaging, today announces its consolidated
revenue for the fourth quarter and full year ended December 31, 2016.

In millions of euros

2016

2015

Change (%)

Equipment sales

25.1

17.9

+40%

% of total revenue

82%

82%

-

Sales of maintenance contracts

4.69

3.13

+50%

% of total revenue

15%

14%

-

Sales of consumables and services

1.02

0.83

+22%

% of total revenue

3%

4%

Total revenue

30.8

21.8

+41%

Non audited data

Marie Meynadier, CEO of EOS imaging, said: “In 2016 we delivered
a strong year of execution of our growth strategy. At a commercial
level, our teams and partners continued to drive adoption of the EOS
solution, including strong growth in the important North American
market. We also entered Latin America, supporting the outlook for our
business in these markets. At the same time, we continued to develop our
product and service offerings through internal and partnership programs,
highlighted by the initial roll out of our EOSApps portfolio in the
European and North American markets. We look forward to continue
building on this strategy in 2017 and further position our unique and
cost-effective imaging solutions and software as a key solution for the
needs of osteo-articular treatment and orthopedic surgery.”

2016: up 41% to €30.8 million

EOS imaging recorded annual revenue of €30.8 million in 2016, up 41%
compared to 2015.

In 2016, the Company sold 60 EOS® systems compared to 44 systems in
2015.Revenue from equipment sales was €25.1 million in 2016, up 40%
compared to 2015.

Recurring revenues were €5.7 million, up 44% compared to 2015. Sales of
maintenance contracts increased by 50% to €4.69 million. Sales of
consumables and services increased by 22% to €1.02 million.

Strong momentum in all markets, including entry into Latin America
market

In millions of euros

2016

2015

Change (%)

EMEA

11.4

9.19

+25%

North America

15.4

10.4

+47%

Asia-Pacific

3.24

2.21

+47%

Latin America

0.75

-

na

Total revenue

30.8

21.8

+41%

Non audited data

EOS imaging recorded annual revenue of 15.4 million in North America in
2016, up 47% compared to 2015 and representing 50% of total revenues.

In Europe and the Middle East, EOS imaging recorded annual revenue of
€11.14 million, up 25% compared to 2015.

In Asia-Pacific, EOS imaging recorded annual revenue of €3.24 million,
up 47% compared to 2015. This increase reflects the reinforcement of the
Company’s distribution network that began in early 2016.

During the year, EOS imaging entered the Latin America Market with the
signing of the first contract in Brazil. As a result, the Company
recorded revenue of €0.75 million in Latin America in 2016.

Fourth quarter of 2016: up 46% to €10.0 million, driven by
19 systems sold

In millions of euros

2016

2015

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Equipment sales

4.09

7.36

5.46

8.14

2.50

6.00

3.79

5.58

% of total revenue

77%

83%

83%

81%

75%

87%

80%

81%

Sales of maintenance contracts

0.99

1.23

0.96

1.51

0.63

0.69

0.72

1.05

% of total revenue

18%

14%

14%

15%

19%

10%

15%

15%

Sales of consumables and services

0.24

0.22

0.19

0.37

0.19

0.19

0.23

0.22

% of total revenue

5 %

3%

3%

4%

6%

3%

5%

3%

Total revenue

5.33

8.82

6.60

10.0

3.32

6.88

4.74

6.85

Non audited data

EOS imaging sold 19 systems and recorded revenue of €10.0 million in the
fourth quarter of 2016, up 46% compared with the fourth quarter of 2015.

About EOS imagingEOS imaging designs, develops, and markets
EOS®, an innovative medical imaging system dedicated to
osteoarticular pathologies and orthopaedics, as well as associated
solutions. The Company is authorized to market in 51 countries,
including the United States (FDA), Japan and the European Union (EC).
The Group posted 2016 revenues of €30.8 million and employs 132 people
at December 2016, including an R&D team of 43 engineers. The Group is
based in Paris and has five subsidiaries in Besançon (France), Cambridge
(Massachusetts), Montreal (Canada), Frankfurt (Germany) and Singapore.